Remember that Baby Boomers are all those born between the years of 1946 and 1964!!! That's a whole lot of people...
2007-10-15 09:19:07 · 5 answers · asked by Holiday Magic 7 in Social Science ➔ Economics
If I understand what you are saying, then I am sure a lot will. It is better to get 75% of something rather than 100% of nothing.
2007-10-15 10:24:06 · answer #1 · answered by Anonymous · 2⤊ 1⤋
Well for one thing you can be sure that the fleets of government statisticians have already forecast this pretty well, and so that possibility is pretty accurately factored in to projections.
Incidentally, I like to bash Social Security as much as the next guy, but the money isn't going to "run out". Right now Soc Sec tax revenues are larger than the expenses. At some point the expenses will become somewhat larger than the revenues. But you can be sure Uncle Sam will continue to pay all the benefits using money it gets from general taxation and selling treasury bonds.
It's not a question of the money "running out", it's a question of how long do we stick with what's really a very unproductive, confusing, and ludicrous system before we reform it.
2007-10-15 18:30:30 · answer #2 · answered by KevinStud99 6 · 1⤊ 0⤋
No. They they are not worried because the money won't run out for another 30 to 40 years, It is there children that should worry because the have to pay back the trust fund that the government borrowed.
2007-10-15 16:45:11 · answer #3 · answered by meg 7 · 1⤊ 0⤋
It is the next generation that will face the problem, as more and more people reach that age and fewer workers paying taxes.
2007-10-15 19:40:14 · answer #4 · answered by Anonymous · 2⤊ 0⤋
I HOPE SO, BECAUSE THE MONEY WILL NOT BE THERE.
2007-10-15 16:27:07 · answer #5 · answered by Whoa. 2 · 1⤊ 0⤋